USS and BTPS to pay Thames Water leakage penalty

James Phillips
clock • 1 min read

Universities Superannuation Scheme (USS) and the BT Pension Scheme (BTPS) will be asked to pick up the tab for some of the £120m penalty levied on Thames Water.

The sum, which comprises a total repayment of £65m to around 15 million customers and £55m of automatic penalties, comes after the water regulator, Ofwat, criticised the firm for a lack of oversigh...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Investment

Partner Insight: What does your responsible investing journey look like?

Partner Insight: What does your responsible investing journey look like?

In this interactive video, choose a Royal London Asset Management expert and hear them discuss how asset managers identify suitable investment opportunities that meet with clients’ values without sacrificing value.

Sarka Halas
clock 30 January 2025 • 1 min read
Industry lacks consensus on how US economic policies will impact UK scheme investment strategies

Industry lacks consensus on how US economic policies will impact UK scheme investment strategies

PP survey finds mixed opinions on whether Trump policies will have positive or negative impact

Martin Richmond
clock 29 January 2025 • 2 min read
Bank of England opens non-bank lending facility for gilt holders

Bank of England opens non-bank lending facility for gilt holders

Facility will only be activated during episodes of ‘severe gilt market dysfunction’

Jonathan Stapleton
clock 29 January 2025 • 2 min read
Trustpilot